Good Morning 2026
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Killerbunny
- Poultry Guru - total zen level
- Posts: 7988
- Joined: Sat Dec 12, 2015 12:04 pm
- Location: Brockville
- x 10294
Good Morning 2026
New thread here. Sorry time got away on me!
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Beltsville Small White turkeys.
Mutt chickens for eggs
RIP Stephen the BSW Tom and my coffee companion.
RIP Lucky the Very Brave Splash Wyandotte rooster.
RIP little Muppet the rescue cat.
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Bayvistafarm
- Chatty Hen
- Posts: 665
- Joined: Sat Dec 12, 2015 5:45 pm
- Location: Hamilton Ontario
- x 1305
Re: Good Morning 2026
Happy New Year!! Hope its a good one... although one of our own is going thru a trying time right now... Hopefully she will pop in and fill us in!!
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Killerbunny
- Poultry Guru - total zen level
- Posts: 7988
- Joined: Sat Dec 12, 2015 12:04 pm
- Location: Brockville
- x 10294
Re: Good Morning 2026
Oh dear. Hope they are OK.
1
Beltsville Small White turkeys.
Mutt chickens for eggs
RIP Stephen the BSW Tom and my coffee companion.
RIP Lucky the Very Brave Splash Wyandotte rooster.
RIP little Muppet the rescue cat.
Re: Good Morning 2026
Chickens don't like snow much do they? My two are stuck in the coop with the heater on - forever it seems......
1
Free greenhouse
Based on the 2025 Canadian Federal Budget, the government has introduced a temporary measure allowing for the full (100%) write-off of eligible greenhouse buildings acquired on or after November 4, 2025, that become available for use before 2030
. This is a form of immediate expensing that allows corporations to deduct the entire cost in the first year rather than depreciating it over several years.
How to Qualify and Apply:
Eligibility Requirements: The greenhouse must be considered an eligible manufacturing or processing (M&P) building. At least 90% of the building's floor space must be used for manufacturing or processing activities, such as growing, cultivating, or harvesting crops.
Timing: The greenhouse must be acquired on or after November 4, 2025, and become available for use before January 1, 2030.
Acquisition Type: The property must be new or, if used, cannot have been previously owned by the taxpayer or a non-arm's-length person.
Application Method: You do not "apply" through a separate application form. The deduction is claimed directly through your corporate income tax return (T2) by claiming Capital Cost Allowance (CCA).
Specific Rules: If you acquire the property in 2030 or 2031, the deduction is reduced to 75%, and to 55% for 2032 and 2033.
Key Considerations:
Record Keeping: Maintain detailed records of the acquisition date and when the greenhouse became operational (available for use).
Phase-Out: The 100% deduction applies specifically to property used before 2030.
Future Use Changes: If the use of the building changes later, recapture rules may apply, meaning you might have to pay back some of the tax benefits.
Note: The information above is based on the 2025 federal budget proposals. It is recommended to consult a tax advisor to ensure your project meets the specific "available for use" and "manufacturing and processing" criteria defined by the Canada Revenue Agency (CRA).
. This is a form of immediate expensing that allows corporations to deduct the entire cost in the first year rather than depreciating it over several years.
How to Qualify and Apply:
Eligibility Requirements: The greenhouse must be considered an eligible manufacturing or processing (M&P) building. At least 90% of the building's floor space must be used for manufacturing or processing activities, such as growing, cultivating, or harvesting crops.
Timing: The greenhouse must be acquired on or after November 4, 2025, and become available for use before January 1, 2030.
Acquisition Type: The property must be new or, if used, cannot have been previously owned by the taxpayer or a non-arm's-length person.
Application Method: You do not "apply" through a separate application form. The deduction is claimed directly through your corporate income tax return (T2) by claiming Capital Cost Allowance (CCA).
Specific Rules: If you acquire the property in 2030 or 2031, the deduction is reduced to 75%, and to 55% for 2032 and 2033.
Key Considerations:
Record Keeping: Maintain detailed records of the acquisition date and when the greenhouse became operational (available for use).
Phase-Out: The 100% deduction applies specifically to property used before 2030.
Future Use Changes: If the use of the building changes later, recapture rules may apply, meaning you might have to pay back some of the tax benefits.
Note: The information above is based on the 2025 federal budget proposals. It is recommended to consult a tax advisor to ensure your project meets the specific "available for use" and "manufacturing and processing" criteria defined by the Canada Revenue Agency (CRA).
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